RDP 2016-03: Why Do Companies Hold Cash?
Equation
E
[
α
i
|
X
i
t
,
P
U
B
L
I
C
i
]
=
θ
1
X
i
1
+
θ
2
X
i
2
+
θ
3
X
i
3
+
…
+
θ
T
X
i
T
+
χ
P
U
B
L
I
C
i
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6A2C@